Boiler Room: The Official Stock Market Discussion

[OSUBaneBrowns]

I respect what you're doing but fukk that.

I'm waiting for Robinhood to make its way to driod, then I'm going start implementing some strategies , through trial and error. This thread has tons of wisdom, but patience is a gift from the gawds....

@ them putting you up on some generic stock.

I choose those three stocks for the long overhaul in my IRA. I was going to get some other stocks to play and test with but after I found out the trade fee with my bank, I said fukk that for the moment. I'm at the point in my life where I need to learn how to make money w/o having to be dependent on a job to get it. Trying to get my funds up and learn the game.

 

[无名的]

time to buy?

Hard to say... from a technical perspective, the buying is overdone in every way possible. RSI, Stochastics, Bollinger, MACD...

Unless some news is imminent, I imagine it will trickle back down, if not dump.

I don't see this getting to a dollar anytime soon, so there's going to be a reverse split to prevent delisting.

Fundamentally... I still like the company. Same theme. Bad businessmen, good scientists.

They're hiring to push Persephone more, so maybe they'll finally start monetizing.

I wouldn't feel in a hurry to buy. I did and I bought in a 70 some cents only to watch it go to 18. Averaged down with some purchases around 30 cents, but learned my lesson hurrying. If it dumps way back down again, I'll buy again. For now, holding tight.

Might even short.

 

[franknitty711]

Hard to say... from a technical perspective, the buying is overdone in every way possible. RSI, Stochastics, Bollinger, MACD...

Unless some news is imminent, I imagine it will trickle back down, if not dump.

I don't see this getting to a dollar anytime soon, so there's going to be a reverse split to prevent delisting.

Fundamentally... I still like the company. Same theme. Bad businessmen, good scientists.

They're hiring to push Persephone more, so maybe they'll finally start monetizing.

I wouldn't feel in a hurry to buy. I did and I bought in a 70 some cents only to watch it go to 18. Averaged down with some purchases around 30 cents, but learned my lesson hurrying. If it dumps way back down again, I'll buy again. For now, holding tight.

Might even short.

Maaan, you got me I wondering at what point should I make my exit. I want to profit enough to pay for the time I sat in the red with this one.

 

[88m3]

Zero Hedge mentioned this too but we're full circle with the housing markets:

and someone told me the other day 100% financing isn't real. they want "skin in the game"

lmao do they even operate in the US?

I'm actually looking around for residential and commercial lending again any suggestions?

speaking of the FDIC if you want to make some easy money in banking look at the commercial properties they have in receivership from bank failures related to the credit crisis (or whenever). essentially fix and flips on a bigger scale. they'll sell at nice discounts to get the shyt off their books.

do you know if they have them compiled on a website anywhere?

 

[Domingo Halliburton]

lmao do they even operate in the US?

I'm actually looking around for residential and commercial lending again any suggestions?

do you know if they have them compiled on a website anywhere?

I'm not sure if there's a website. It was a client who came to us. But a lot of this is from 2008-9 as well so the FDIC may have wound down a lot of assets. If you're looking in your area finding a list of failed banks isn't hard. Maybe you can give the FDIC a call.

We used a hard money lender called Dominion Mortgage Corp. only because we were on a deadline. Santander did the permanent financing. This was for a hotel/casino that was sitting there like 80% completed. Developer started it and the bank failed and he had no money to complete. Its 238 rooms or so. $7 million for the note and about 4 to finish construction. As-is appraisals coming in at like $22MM, when construction is done they think it will be worth about 30.

I'll look for a website to see if I can find a list of properties they have.

 

[Ohene]

Come on GoPro...head up to 45 before the end of march

 

[Ohene]

 

[Ohene]

eating off of GoPro...nothing compared to tripling up on those Spies i had but hopefully it can continue

 

[Futuristic Eskimo]

 

[Ohene]

no bread involved. but i'll be happy if this is a headfake and the spy turns green. I've seen stranger shyt happen

 

[OSUBaneBrowns]

lmao do they even operate in the US?

I'm actually looking around for residential and commercial lending again any suggestions?

do you know if they have them compiled on a website anywhere?

Look at the companies who are now buying the bad subprime loans from Fannie, Freddie and from the big banks. You may have to be patient for the long haul but you may get rewarded at the end. Those properties are not going anywhere and the investors are going to get their money one way or another.

 

[无名的]

CERE still cookin

@Big Jo
@franknitty711

 

[Big Jo]

CERE still cookin

@Big Jo
@franknitty711

props to you strong hand brehs for holding, no homo

i got out a while ago, wish i didn't

EDIT: wow, i bought the sh1t at 74 cents. didnt realize i got in when it was that high. i'd still be down had i held

 

[无名的]

props to you strong hand brehs for holding, no homo

i got out a while ago, wish i didn't

EDIT: wow, i bought the sh1t at 74 cents. didnt realize i got in when it was that high. i'd still be down had i held

I bought same time... so still down, although I bought at 30 and 21 cents, so averaged down to about 60 cents a share.

On another note... about to make a big bet on oil recovering.

If anybody is interested in trading USO... it has averaged 37.1% of WTI the past year plus... so if you buy calls or puts, just take the WTI price * .371 and you'll have an idea of what you're betting on for USO.

Thinking about 2017 calls at $25, which puts WTI at $70. About $1.65 a contract now.

 

[Ohene]

I bought same time... so still down, although I bought at 30 and 21 cents, so averaged down to about 60 cents a share.

On another note... about to make a big bet on oil recovering.

If anybody is interested in trading USO... it has averaged 37.1% of WTI the past year plus... so if you buy calls or puts, just take the WTI price * .371 and you'll have an idea of what you're betting on for USO.

Thinking about 2017 calls at $25, which puts WTI at $70. About $1.65 a contract now.